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| BW 50 Intraday |  
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| Bridge Symbol: &BWL | ||||
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BW 50 52-Week Index: March 19, 1999=1000 | ||||
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| Compare | Nine-Month Performance of: | |||
| BW 50 to: | S&P 500 | DJIA | NASDAQ | |
| (Click links for a larger view of comparison charts) | ||||
| Citigroup now joins the BW 50 Index this week as No. 50. It replaces drugmaker Warner-Lambert, which was acquired June 20 by Pfizer, another BW 50 company. | ||||
The BW 50 is designed to capture the corporate creme de la creme, and once again we weren't disappointed. For the third straight year, our list of the fastest-growing companies on the S&P 500 outraced the broad blue-chip stock indexes. From Mar. 1, 1999, through Mar. 1, 2000, the BW 50 class of 1999 stocks racked up a 29.2% gain. Compare that with the S&P 500's 11.5% increase and the Dow Jones Industrial Average's 8.7%. Of course, no broad market index could touch the tech-laden Nasdaq composite during that period. It skyrocketed 108.4%.
But that was in a fast-growth environment. How will the BW 50 do when the champagne stops flowing? Not as well, according to our historical analysis. The BW 50, if calculated on a calendar-year basis, would have consistently outperformed the broader S&P 500 in all but two years since 1988, as the roaring bull market focused on growth strategies. But the BW 50 would have trailed the S&P 500 in all but three of the 13 years from 1973 through 1985, when overall stock gains were far more erratic.
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